NOT LISTED FOR SALE

751 Swarthmore Ave Pacific Palisades, CA 90272

Estimated Value: $6,023,000 - $9,943,215

6 Beds
9 Baths
7,639 Sq Ft
$1,042/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $9,950,000 $1,303 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $53,364/month

121 Days on Market

Highlights

  • Ocean View
  • New Construction
  • Rooftop Deck
  • Attached Guest House
  • Filtered Pool
  • Solar Power System

About This Home

As of December 2023

Recently completed and custom built brand new 2023 construction set next to the Palisades Village. Meticulously designed and crafted with a fresh chic contemporary spin on the new transitional style with thoughtful timeless design and high-end finishes that will please the most discerning luxury buyers. Disappointed by those narrow small lots in the Alphabet streets? Well here is your chance! This impressive home rests on one of the few oversized 60-foot wide 9,007-square-foot lots in this neighborhood. This 60-foot wide lot allows for a uniquely open and expansive 3-level floor plan totaling almost 7,700 square feet of absolute luxury coastal living. With an abundance of natural light throughout and quintessential Southern California indoor-outdoor flow, this finely crafted home features 6-bedroom suites, 9-bathrooms, two family rooms, a movie theater, a gym, an elevator, three fireplaces, a huge laundry room with double sets of washers/dryers, ample storage areas, formal living room, formal dining room, a breakfast nook and an expansive open kitchen with center island, Wolf/Sub-Zero appliance package, and double dishwashers. The oversized main-level family room is seamlessly connected to the kitchen and opens up to a vast grassy backyard with a pool, spa, water features, and motorized pool cover. It's the perfect summer playground with swimming, a hot tub, poolside lounging, kids at play, and large-scale family entertainment. An exterior staircase also connects the backyard to the lower level of the house for easy access to the game room, movie theater, and much more. The primary suite offers a wide deck that overlooks this enormous backyard and is completed with a spa-like bathroom and walk-in closet that rivals the size of a large bedroom. Enjoy additional and welcoming outdoor living, entertaining, cool ocean breezes, and relaxation on a spacious rooftop deck with mountain and some ocean views. Just two blocks away is the coveted Palisades Village, renowned for trendy boutique shopping experiences, award-winning restaurants for casual and fine dining, artisan coffee shops, private workout studios, a movie theater, and Erewhon. Also, just moments away from this luxury home are acclaimed public and private schools, ocean-view bluffs, a large park, and a recreation center, plus seemingly endless outdoor activities including hiking, mountain biking, beach days, and bike paths. This Pacific Palisades enclave is the only small "beach-town" feeling neighborhood and is ideal for the ultra-high-end homeowner that wants access to all of the Westside action yet loves secluded luxury coastal living as well.

Last Agent to Sell the Property

David Kelmenson

Compass License #01435306 Listed on: 07/28/2023

Compass

Last Buyer's Agent

Hugh Gehrke

Keller Williams Beverly Hills License #01711642

Keller Williams Beverly Hills

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $119,685

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 9,007 Sq Ft Lot
  • Lot Dimensions are 60x150
  • East Facing Home
  • Fenced Yard
  • Vinyl Fence
  • Rectangular Lot
  • Drip System Landscaping
  • Sprinklers on Timer
  • Lawn
  • Back and Front Yard
  • Property is zoned LAR1

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Ocean
  • Panoramic
  • Skyline
  • Mountain
  • Hills
  • Pool

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 7,639 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Open Floorplan
  • Wired For Sound
  • Wired For Data
  • Bar
  • Paneling
  • Beamed Ceilings
  • Cathedral Ceiling
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Bay Window
  • Window Screens
  • Insulated Doors
  • Formal Entry
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library
  • Bonus Room
  • Home Gym
  • Center Hall

Kitchen

  • Kitchenette
  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Double Self-Cleaning Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Marble Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Marble
  • Travertine

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Powder Room
  • 9 Full Bathrooms
  • Double Vanity
  • Low Flow Toliet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer

Home Security

  • Security System Owned
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Pool

  • Filtered Pool
  • In Ground Pool
  • Gas Heated Pool
  • Waterfall Pool Feature
  • Pool Cover
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Overhead Utilities
  • Property is located within a water district
  • Gas Water Heater
  • Central Water Heater
  • Sewer in Street

Additional Features

  • Solar Power System
  • Attached Guest House
  • Property is near public transit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4412-008-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$119,685

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 7639
  • Lot Acreage: 0.2068
  • Lot Dimensions: 60x150
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 2023
  • Number Of Photos: 70
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Bar, Beamed Ceiling(s), Built-Ins, Cathedral-Vaulted Ceilings, Elevator, Storage Space, Recessed Lighting, Pre-wired for surround sound, Pre-wired for high speed Data, High Ceilings (9 Feet+), Hot Tub, Open Floor Plan, Paneled Walls
  • Fireplace Rooms: Gas Starter, Gas, Family Room, Master Bedroom, Living Room
  • Flooring: Carpet, Wood, Travertine, Stone, Stone Tile, Mixed, Marble
  • Appliances: Built-In Gas, Built-Ins, Gas, Double Oven, Cooktop - Gas, Self Cleaning Oven, Range Hood, Range, Oven-Gas, Microwave
  • Bedrooms: 6
  • Fireplaces: 3
  • Full Bathroom: 9
  • Half Bathroom: 0
  • Bedroom Features: Master Retreat, WalkInCloset, Master Suite, Master Bedroom
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Shower Over Tub, Powder Room, Low Flow Toilet(s), Tub With Jets, Shower and Tub, Tub Only, Split Bath
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Breakfast Counter / Bar, Breakfast Nook, Formal Dining Rm, In Kitchen, Kitchen Island
  • Kitchen Features: Island, Kitchenette, Marble Counters, Open to Family Room, Pantry
  • Laundry: Room, Inside, Laundry Area
  • Maids Room: 1
  • Total Bathrooms: 9.00
  • Den: 0
  • Equipment: Alarm System, Dishwasher, Elevator, Freezer, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Ice Maker, Microwave, Network Wire, Water Line to Refrigerator, Washer, Vented Exhaust Fan, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Solar Panels
  • Fireplace: Yes
  • Price Per S Q F T: 1367.98
  • Windows: Screens, Skylights, Bay Window, Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Construction: Cement Board, Combination
  • Other Features: Sprinkler System, Rain Gutters, Energy Efficient, High Ceilings (9 Feet+), Insulated Doors, Balcony
  • Other Structures: None
  • Tennis Court: Room For
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Fence: Vinyl
  • Guest House: Attached
  • Patio: Covered Porch, Deck(s), Patio Open, Roof Top Deck, Balcony
  • Pool Description: Filtered, In Ground, Heated with Gas, Pool Cover, Waterfall
  • Pool: Yes
  • Roof: Composition, Flat, Metal, Shingle
  • Spa: Heated with Gas, In Ground, Hot Tub
  • Spa Yn: Yes
  • View: Hills, Pool, Mountains, Ocean, Tree Top, Skyline, Panoramic, City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Direct Entrance, Door Opener, Garage Is Attached, Garage - 2 Car, Driveway - Concrete
  • Total Parking: 2

Utilities

  • Water Heater: Central Water Heater, Gas, Instant Hot Water
  • Cooling: Air Conditioning, Central, Multi/Zone
  • Heating: Central, Forced Air, Natural Gas
  • Security: Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Owned, Prewired for alarm system
  • Sewer: In Street
  • Water: In Street, District, Meter on Property

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Los Angeles Unified

Lot Info

  • Special Zoning: Property Report
  • Sprinklers: Drip System, Sprinkler System, Sprinkler Timer
  • Horses: No
  • Assessor Parcel Number: 4412-008-017
  • Lot Description: Back Yard, Curbs, Fenced, Fenced Yard, Front Yard, Gutters, Lot Shape-Rectangular, Lawn, Sidewalks, Single Lot, Street Asphalt, Street Lighting, Utilities Other, Utilities - Overhead
  • Lot Location: Flats, Near Public Transit, Park Nearby
  • Lot Size Area: 9007

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Tax Info

  • Mello Roos: Unknown

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Dec 8, 2023
Sold by
751 Swarthmore Llc
Bought by
Engemann Alex and Engemann Kara
Seller's Agent
David Kelmenson
Compass
Buyer's Agent
Hugh Gehrke
Keller Williams Beverly Hills
List Price
$10,450,000
Sold Price
$9,950,000
Premium/Discount to List
-$500,000
-4.78%
Views
214
Current Estimated Value
$7,963,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,986,595
Avg. Annual Appreciation
-12.63%
Original Mortgage
$6,467,500
Outstanding Balance
$6,357,271
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$1,606,134

Purchase Details

Listed on
Jan 30, 2021
Closed on
Apr 13, 2021
Sold by
Sowa Development Inc
Bought by
751 Swarthmore Llc
Seller's Agent
Elizabeth M. Walton
Sotheby's International Realty
Buyer's Agent
David Kelmenson
Compass
List Price
$3,100,000
Sold Price
$3,152,000
Premium/Discount to List
$52,000
1.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.54%
Original Mortgage
$2,521,600
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 30, 2021
Closed on
Feb 22, 2021
Sold by
Mosier Page and Leonard Anne
Bought by
Sowa Development Inc
Seller's Agent
Elizabeth M. Walton
Sotheby's International Realty
Buyer's Agent
David Kelmenson
Compass
List Price
$3,100,000
Sold Price
$3,152,000
Premium/Discount to List
$52,000
1.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,521,600
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 19, 1998
Sold by
Trust Thrower Norman J Co Tr Thrower Fam
Bought by
Thrower Norman J W and Thrower Family Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Engemann Alex $9,950,000 Lawyers Title
751 Swarthmore Llc -- Lawyers Title
Sowa Development Inc $3,152,000 Lawyers Title Company
Thrower Norman J W -- --
Thrower Norman J W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Engemann Alex $6,467,500
Previous Owner 751 Swarthmore Llc $5,339,000
Previous Owner Sowa Development Inc $2,521,600
Previous Owner Thrower Norman J W $250,000
Previous Owner Thrower Norman $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $9,950,000 -4.8% $1,303 / Sq Ft
12/06/2023 12/06/23 For Sale $10,450,000 +5.0% $1,368 / Sq Ft
11/26/2023 11/26/23 Pending -- -- --
11/17/2023 11/17/23 Off Market $9,950,000 -- --
10/20/2023 10/20/23 Price Changed $10,450,000 -4.6% $1,368 / Sq Ft
09/21/2023 09/21/23 Price Changed $10,950,000 -3.9% $1,433 / Sq Ft
07/28/2023 07/28/23 For Sale $11,399,000 +261.6% $1,492 / Sq Ft
03/01/2021 03/01/21 Sold $3,152,000 +1.7% $2,043 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
01/30/2021 01/30/21 For Sale $3,100,000 -- $2,009 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $119,685 $9,134,100 $5,003,100 $4,131,000
2024 $119,685 $9,950,000 $5,450,000 $4,500,000
2023 $39,652 $3,279,340 $2,601,000 $678,340
2022 $37,791 $3,215,040 $2,550,000 $665,040
2021 $1,959 $147,830 $96,917 $50,913
2020 $1,974 $146,315 $95,924 $50,391
2019 $1,904 $143,447 $94,044 $49,403
2018 $1,795 $140,635 $92,200 $48,435
2016 $1,701 $135,176 $88,621 $46,555
2015 $1,678 $133,146 $87,290 $45,856
2014 $1,694 $130,539 $85,581 $44,958
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-288015

The MLS

APN: 4412-008-017